Active Listing  ·  95 days on market

7920 Mullen Dr #5

Austin, TX 78757
$525,000
3 Bed 3 Bath 1,525 sqft $344/sqft Built 2026 0.31 acres 2-Car Garage Pool New Construction Wooten Park Square Sec 02

Experience the perfect blend of modern luxury and urban convenience in this brand-new, 9-unit condo community. Strategically located halfway between the high-energy Domain and the heart of Downtown Austin, this location offers an effortless commute and easy access to the city’s best dining and entertainment.

Unit #5 Highlights:

Three-Level Living: A spacious, thoughtful layout designed for privacy and flow.

Main Level: Convenient entry adjacent to your private, attached 2-car garage.

Second Level: An entertainer’s dream featuring an open-concept kitchen and living area, plus a versatile guest bedroom with a full bath.

Third Level: Two additional bedrooms, including a stunning primary suite. Both bedrooms feature dedicated en-suite full baths for ultimate comfort.

Outdoor Oasis: Relax on your private, covered balcony patio located on the third floor. There is also a private fenced small yard.

Investment Opportunity: This complex is Short-Term Rental (STR) friendly, making it a premier choice for investors or homeowners looking for flexibility. With all 9 units currently available, this is your chance to secure a prime piece of Austin real estate.

At $344/sqft, this home is 12% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7920 Mullen Dr #5, Austin, TX 78757

Property Details

Price $525,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,525 sqft
Lot Size 0.31 acres (13,499.24 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Wooten Park Square Sec 02
County Travis
Zip Code 78757
$/sqft $344/sqft
Days on Market ,
HOA $100/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT227956203
List Date May 1, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 1, 2026 $625,000
Previous ask $575,000
Current ask $525,000
Reduced $100,000 (-16.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
6205 Hylawn Dr
Cherrylawn Sec 5
$525,000 $265 4 bd / 3 ba 1,984 sqft , 2026-03-24
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
8208 Stillwood Ln
Northtowne Sec 01
$525,000 $383 3 bd / 2 ba 1,372 sqft , 2026-02-28
1701 Simond Ave #206
Parkside/Mueller Condos
$525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03
12710 Poquoson Dr
Northwood 03
$525,000 $318 3 bd / 2 ba 1,651 sqft , 2026-04-23

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,520/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$105,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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